Thus, my main goal joining this forum is to try to gain confidence in the decision to get into real estate investment and better understand the risks that I may not be considering due to my lack of experience in the field.

-Ben ScarboroughHi Ben, I think the Cons out weight the Pros for Booking.com.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

@Tori Rhodes faster ways to scale:Buy a portfolio from another investor- Get seller financing from a savvy one that doesn't want capital gains hit!

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.

My head is spinning on how to make this run as smoothly and efficiently to help maximize gains and bare minimum, break even after expenses.

I gained as much knowledge as possible during my three month course but eventually it came to an end.

No capital gains! 

If you’re interested in investing in real estate, you can consider doing so with a Self-Directed IRA to defer taxes on capital gains until you actually withdraw the funds from your IRA.

Laundromats and carwashes have gained popularity exponentially almost in the 6 years.